The US dollar index (DXY) was little changed on Monday as investors waited for important inflation, retail sales, and production data from the United States. The index is trading at $92.20, which is a few points below last week’s high of $92.80. US inflation ahead The US dollar index has bounced back by more than 3% after dropping to $89.50 in June. This rebound was … [Read more...] about US Dollar Index (DXY) Forecast Ahead of US Inflation Data
Coffee Prices Surge with Production Likely to Post Biggest Decline Since 2003
Source: WSJ Coffee prices across the globe have surged by double digits, with Brazilian production expected to fall to its lowest level in four years. Arabica prices hit a five-year high in July. It is the main variety produced in Brazil, which is hit by its worst drought in nearly a century.Arabica futures have grown 18% to $1.51 a pound in the last three months.Robusta … [Read more...] about Coffee Prices Surge with Production Likely to Post Biggest Decline Since 2003
US Consumer Credit Growth Hits Five-Year High in May
Source: Federal Reserve American consumer credit grew for the second straight month in May to mark its biggest climb in five years. KBE is down 0.75%. Total consumer credit grew 9.98% in May to mark the biggest increase since March 2016’s 10.36% growth.Total outstanding credit stood at $4.279 trillion versus April’s $4.244 trillion.Depository institutions remained … [Read more...] about US Consumer Credit Growth Hits Five-Year High in May
UBS Projects Short-Term Rally after Reduced Reserve Requirements by PBOC
Source: CNBC Investment Bank UBS expects China’s move to cut bank reserves to boost liquidity-sensitive sectors and firms with strong earnings expectations. CSI 300 is up +1.25%, USDCNY is down -0.07%. The projections by UBS come after the People’s Bank of China cut the reserve requirements ratio by 50 basis points on Friday.About 1 trillion yuan or $154 billion is … [Read more...] about UBS Projects Short-Term Rally after Reduced Reserve Requirements by PBOC
Rombus Capital Review
Rombus Capital promises a better financial future for investors. According to the vendor, it allows you to safely invest your money and have professional account managers who deal with your investment requirements. Nevertheless, we cannot simply trust the words of the vendor and must conduct our own analysis to determine whether the system is trustworthy. Detailed Forex … [Read more...] about Rombus Capital Review
